$490,000 416 W 51st Street Los Angeles, CA

MLS: PW20252325   Type: Pending   County: Los Angeles   City: Los Angeles   Area: Downtown L.a.   Zip: 90037   Style: Craftsman     Stories: 2

Mortgage $2,300 /mo



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Welcome to Vermont square an up and coming neighborhood zoned LARD2, and within minutes to Downtown Los Angeles. This triplex income property has an extra unit for a total of four units. This brings an incredible opportunity for value-add investors, cashflow investors, buy and hold investors, or you can “house hack” by living in one unit and renting out the other three units. In addition, it has great potential for rent growth & accessory dwelling unit conversion for substantial upside with the existing use. The first unit is a spacious 2 bedroom 2 bath with a basement. The second unit is a 1 bedroom 1 bathroom, and the third unit is VACANT with 1 bedroom and 1 bath. The fourth extra unit is a 1 bed and 1 bath. There is vast amounts of parking space on the lot, enough for all 3 occupants to park their cars with seamless access to the driveway. Also, the backyard is huge and has a 2 car garage that can potentially be converted into an accessory dwelling unit. This neighborhood is yet to be unlocked and explode in value in Los Angeles and it’s centrally located near the University of Southern California, The iconic LA Memorial Coliseum, LAFC stadium, major freeways 110, 10, 105, stores & shops, and minutes away from the vibrant DTLA.

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Price History

12/8/2020 Listed $490,000

Additional Parcels Y/N No
Architectural Style Craftsman
Association Y/N No
Community Features Street Lights, Sidewalks
Construction Materials Stucco, Wood Siding
Cooling None
Electric Standard
Facing Direction North
Flooring Carpet, Laminate
Garage Spaces 3
Garage Y/N Yes
HOA Fee 0
Heating Wall Furnace
Land Lease Y/N No
Levels Two
Listing Agent Lenny Figueroa - BRE#01954027
Listing Agent State License 01954027
MLS Area C42 - Downtown L.A.
Parking Features Door-Multi, Driveway, Garage
Pool Features None
Private Pool No
Property Attached Y/N No
Property Sub Type Additional Triplex
Property SubType Triplex
Property Type Residential Income
PropertyCondition Fixer
Roof Shingle
Senior Community Y/N No
Sewer Public Sewer
Spa Features None
Terms Submit
Total Units 3
View City Lights
Water Sewer Expense 0
Zoning LARD2

Interior Features

Air Conditioning Y/N No
Common Walls No Common Walls
Fireplace Features None
Fireplace Y/N No
Heating Y/N Yes
Laundry Features In Garage

Exterior Features

Fencing Wrought Iron
Lot Features Corner Lot, Rectangular Lot
Lot Size Acres 0.13
Lot Size Area 5504
Lot Size Source Assessor
Lot Size Square Feet 5504
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 3
Number of Separate Gas Meters 3
Number of Separate Water Meters 1
Road Frontage Type City Street, Highway
Road Surface Type Maintained
Spa No
Total Parking 7
View Y/N Yes
Water Source Public

Property Schools

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Gallery (21 photos)

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Property vs Zip Code Avg (90037)

Price 490K Avg 754K

Acres 0.126354 Avg 0.14

Visits 89 Avg 54

Days on Site 155 Avg 377

Walkscore® 73 Avg 75

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Lenny Figueroa with Keller Williams Coastal Prop..

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA